A Chapter 7 or Chapter 13 Bankruptcy is a viable option in Littleton, Arvada, Lakewood, and Aurora for many people, including local Denver celebrity “Trouble Shooter” Tom Martino. He was dealing with financial desperation after investment deals went wrong when the economy tanked. He was also coming to terms with the fact that he might have to sell many of his private assets, including an airplane and a helicopter. After hiring an experienced bankruptcy lawyer who was able to negotiate a successful Chapter 7 Bankruptcy, the “Trouble Shooter” is looking forward to putting financial stress behind him and flying high again.
Even though a Chapter 7 Bankruptcy is known as a liquidation bankruptcy, Martino was able to keep his helicopter and plane as well as many other assets. Martino invested heavily in real estate, including backing many investments with personal guaranties. After the real estate market took a dive, he found himself with obligations he could no longer meet and filed bankruptcy
Mr. Martino’s bankruptcy dragged on longer than the vast majority of cases, because of his high profile status. Some banks and creditors suspected an illegal transfer of assets. Martino needed a capable lawyer on his side to protect him from those claims. In the end, his lawyer was able to establish there was no wrong doing involved. Be glad an experienced attorney is on your side to fight for you if banks or creditors want to investigate you.
The “Trouble Shooter” is now able to return to his broadcasting jobs which have made him a household name in Denver. He has renewed confidence and freedom with the knowledge that he can start over and rebuild since the bankruptcy is behind him. He claims that he missed out on several lucrative broadcasting deals because of the investigations into his personal money matters, but hopefully this fresh start will bring about new opportunities.
If you are overwhelmed with financial debt and do not see any way out, or are unable to recover your financial health because of investments which failed because of the down turn in the economy, contact experienced Denver bankruptcy attorney Barry Arrington at 303-205-7870 for your best fresh start possible.